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Around end of November 2019 I moved some funds from 403b to
Second opinion] Around end of November 2019 I moved some funds from 403b to a traditional IRA with zero balance; then on 12/16/2019 I converted those funds into my Roth IRA. No income tax has been wit… read more
ALEX O
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I am getting ready to retire and have pulled out an old IRA
I am getting ready to retire and have pulled out an old IRA that has not been contributed for over 12 years. I notice that for a few years the contribution went into a Roth IRA rather than a tradition… read more
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Tax.appeal.168
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I am doing a normal distribution withdrawal of a traditional
I am doing a normal distribution withdrawal of a traditional IRA into my bank account for approximately $60,000. I am > 59 1/2 years old. Do I have the Trust Company do a 10% federal tax with the w… read more
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If a 74 year old person is beneficiary of a Roth IRA and
If a 74 year old person is beneficiary of a Roth IRA and traditional IRA will they have to pay taxes? If so what percentage … read more
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I will turn 70 years old in November. I have had a Roth IRA
second opinion] I will turn 70 years old in November. I have had a Roth IRA for over 10 years and I also have a Traditional IRA. I have been converting the Traditional Account to Roth as part of my Es… read more
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Lev
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I have $30,000 in a traditional IRA... I contributed $22,000
Hi Barbara,I have $30,000 in a traditional IRA...I contributed $22,000 in 2007 to start it...I want to turn that into cash now, to help pay off an investment property.I know I would pay a 10% penalty … read more
Lev
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I quit my job last week and joined another company, but I
I quit my job last week and joined another company, but I had a 401k loan with my old company. Fidelity, the 401k administrator, has sent a letter basically re-organizing my loan payment to monthly, i… read more
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I am being off this year and I will be 62 on 11/28/2019. If
I am being laid off this year and I will be 62 on 11/28/2019. If I withdrawal 60,000 from my ira on1/15/2020 and have zero income for year of 2020 then how much would my income taxes be for filing my … read more
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Lane
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I will begin withdrawing funds from my 401K this year. I am
I will begin withdrawing funds from my 401K this year. I am 63 and retired. I want to confirm how much my financial advisor should withhold for taxes so I don't have to pay at the end of the year. I p… read more
Chad EA, CDFA®, CFP®
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Retaried, low income ( 11K/annual ) - got a small IRA -.
Retaried, low income ( 11K/annual ) - got a small IRA -. Need money for the car. … read more
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I am thinking about retirement at the end of the year. I am
Good afternoon, I am thinking about retirement at the end of the year. I am not at retirement age as of yet. So, I will be retiring at age 55 (early retirement). I know there will 20% and an additiona… read more
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Tax.appeal.168
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I am 65 years old, still working FT and withdrawing 5K from
I am 65 years old, still working FT and withdrawing 5K from a traditional IRA account. How much tax will I have to pay? I am trying to bring down credit card debt with this withdrawal. … read more
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I will be in april. I will be 70 in april 2019 I will be 71
I will be 69 in april. I will be 70 in april 2019 I will be 71 in april 2020. I have ira account and about four 401 K accounts . Who determins what I am required to take out of either just IRA or IRA … read more
Lev
Lev
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I want to take on a one time $10,000 exclusion from my IRA
I want to take on a one time $10,000 exclusion from my IRA account to gift to my daughter ?? I I am 67 years old I live in Massachusetts ...what state and federal tax would I have to pay on that $10K … read more
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my wife is dying with ALS and she has 12000 dollars in an IRA.
my wife is dying with ALS and she has 12000 dollars in an IRA. If I take it all out now which would total 17000 for this year would I pay capital Gains or any other penalties on all or any portion of … read more
Tax.appeal.168
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I plan on withdrawing next year (2012) $200k from my IRA account
I plan on withdrawing next year (2012) $200k from my IRA account to pay off my mortgage note of $155k. My only income is social security & a monthly pension of approximately $40k total yearly. I'm 62 … read more
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I am married, about 50 years old and have an IRA and a Roth IRA. They are both nice size and made of stock held by an online broker. I own a home but have a morgage of about 1/4th its purchase price t… read more
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